SEOUL, Jan. 20 (Korea Bizwire) — South Korean President Yoon Suk-yeol has been formally detained following the issuance of a detention warrant on January 19, 2025, making him the first sitting president to be arrested as he faces allegations of insurrection. Yoon is expected to be moved to a solitary cell measuring approximately 3 square [...]
SEOUL, Jan. 18 (Korea Bizwire) — In a significant strategic shift, Korea Hydro & Nuclear Power (KHNP), Korea Electric Power Corporation (KEPCO), and U.S.-based Westinghouse Electric Company have agreed to set aside ongoing intellectual property disputes and jointly pursue global nuclear power projects under the newly formed “Team KORUS” alliance. Though the specific terms of the [...]
SEOUL, Jan. 18 (Korea Bizwire) — As K-pop continues to dominate global music charts, South Korea is taking steps to bolster copyright protections for choreography that has fueled the genre’s meteoric rise. A recent study by the Korea Copyright Commission underscores the need to safeguard the intellectual property rights of choreographers behind iconic dance routines, such [...]
SEOUL, Jan. 17 (Korea Bizwire) — South Korea’s labor market in 2024 showed strong overall employment figures, but significant challenges persist for youth employment and gender-based labor disparities, according to the Ministry of Employment and Labor. At a briefing on January 16, 2025, the Ministry reviewed detailed employment trends from the Statistics Korea report on [...]
SEOUL, Jan. 17 (Korea Bizwire) — South Korea is set to allow companies to establish in-house graduate schools that can confer official master’s and doctoral degrees, marking a significant shift in corporate education and workforce development. The Ministry of Trade, Industry and Energy announced on January 16, 2025, that the enforcement decree for the “Special [...]
SEOUL, Jan. 17 (Korea Bizwire) — Shinhan Card, a major South Korean credit card company, unveiled ‘REVIVE’ as its consumer trend keyword for 2025 on January 16, based on an analysis of customer spending and social media data. The REVIVE framework encompasses six key trends: Redefine Festivities, Exploring Identity, Virtual Companions, Integrated Contents Commerce, Value of [...]
SEOUL, Jan. 16 (Korea Bizwire) — South Korea’s Ministry of National Defense has announced plans to complete the launch of five reconnaissance satellites under the “425 Project” by sending two additional satellites into orbit this year. This move aims to bolster military surveillance capabilities, enabling near real-time monitoring of key targets in North Korea at [...]
SEOUL, Jan. 16 (Korea Bizwire) — For the first time since the 1997-1998 Asian financial crisis, South Korea’s imported car market has experienced a two-year consecutive decline in sales. According to the Korea Automobile Importers & Distributors Association (KAIDA) on January 15, the number of newly registered imported passenger vehicles in 2024 totaled 263,288 units, marking [...]
SEOUL, Jan. 16 (Korea Bizwire) — Genesis, Hyundai Motor Group’s independent luxury brand, said Thursday it has released an updated version of its electrified GV70 sport utility vehicle (SUV) with enhanced driving range and design. The new model is equipped with an 84 kilowatt-hour fourth-generation battery, offering a range of 423 kilometers per charge. The [...]
SEOUL, Jan. 16 (Korea Bizwire) — A joint research team from South Korea and the United States has developed a wearable device technology capable of detecting early signs of depression without the need for blood tests. The breakthrough was announced on January 15 by the Korea Advanced Institute of Science and Technology (KAIST). Professor Kim Dae-wook’s [...]